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Coronavirus A Threat To Colombia, Latam Economies, Even Without Infections Says Fitch

Sovereign and corporate issuers in Latin America will be adversely affected by slower Chinese demand and commodity price weakness caused by coronavirus due to high commodity export dependence and direct trade exposure to China, says Fitch Ratings.
Posted On February 27, 2020
, By Loren Moss
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Interview: Leonisa Responds To Finance Colombia’s “Whites Only” Catalog Claims

Fashion brand Leonisa responds to Finance Colombia's allegations of "whites only" catalogs and featured models that exclude Latinos on its website.
Posted On February 18, 2020
, By Loren Moss
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Shell & Ecopetrol Sign Deal To Develop Offshore Colombian Gas

Colombia’s state controlled petroleum producer Ecopetrol S.A. (BVC: ECOPETROL, NYSE: EC) and Shell (AMS: RDSA, NYSE: RDS.A) through Shell subsidiary Shell EP Offshore Ventures Limited, signed a deal which will see Shell acquire a 50% stake in the Fuerte Sur, Purple Angel and...
Posted On February 8, 2020
, By Loren Moss
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Guest Opinion: A Signal of Caution For Direct Investment in Colombia—Über VP of Global Public Policy

Über's Vice President Justin Kintz shares thoughts on the disappointing environment in Colombia for ride-sharing & alternative transportation methods.
Posted On January 16, 2020
, By Justin Kintz
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Fitch: LatAm Sovereigns Vulnerable To Next Downturn

Growth in public debt burdens and fiscal deficits in many Latin American countries over the past decade will undermine the ability of governments to respond to shocks and a sharper than expected global slowdown in 2020, says Fitch Ratings. Weakening fiscal dynamics have been a...
Posted On January 14, 2020
, By Loren Moss
Image by Finn Maxwell Cousineau from Pixabay
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Telefónica Sells 2,029 Mobile Towers In Ecuador & Colombia To Phoenix Tower International

After announcing a plan to move away from Latin American markets, Madrid based Telefónica (BME: TEF) has sold 621 Colombian mobile telephony towers to Florida-based Phoenix Tower International, and agreed to sell 521 more Colombian towers and 1,408 towers in Ecuador. In Colombia,...
Posted On December 24, 2019
, By Loren Moss
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GoldMining Closes On Acquisition of Yarumalito Gold Project

Vancouver based GoldMining Inc. (TSX: GOLD; OTCQX: GLDLF) has completed its indirect acquisition of the Yarumalito Gold Project located in Antioquia, Colombia. A GoldMining indirect subsidiary paid $200,000 CAD in cash and delivered 1,118,359 newly issued common shares of...
Posted On December 23, 2019
, By Loren Moss
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Saudi Arabia Green-Lights Importation of Colombian Beef

The Kingdom of Saudi Arabia has granted phytosanitary certification for exports from four Colombian beef processors, allowing Colombian ranchers to tap into Saudi Arabia’s $400 million USD beef market. Red Cárnica S.A.S. from Córdoba (belonging to Athena Foods, of Minerva...
Posted On December 22, 2019
, By Loren Moss
movistar colombia fine million ultramagic
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Telefonica Seeking To Spin Off Non-Brazil Latin America Operations

Spanish telephone company Telefónica (BME: TEF) announced this week in a letter to from the CEO that it intends to spin off its Spanish-language Latin America operations in order to focus on business in Spain, Brazil, Germany and the United Kingdom. According to the company in a...
Posted On November 29, 2019
, By Loren Moss
Image by Fajrul Falah from Pixabay
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The Global Conspiracy Against Hydraulic Fracturing: Is It Active In Colombia?

On Bogotá’s famous Avenida Séptima (7th Avenue) in Colombia, about where it connects with 76th street near the Russian Embassy, a large mural was painted on a wall. The mural, since painted over, was graffiti art in opposition to “Fracking,” or Hydraulic Fracturing. Known within...
Posted On November 3, 2019
, By Loren Moss
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